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H&M Global Sales Up 15% in Q1

Fast-fashion behemoth H&M experienced its fifth-straight month of double-digital growth in February, reporting a 15 percent surge in sales compared with the same period last year, and beating analysts’ forecasts of 13 percent.

The Swedish chain, the world’s second-biggest fashion retailer, also reported sales in its fiscal first quarter, Dec. 1-Feb. 28, climbed 15 percent. First-quarter sales converted into Swedish krona (SEK) increased 25 percent and amounted to SEK 40.3 billion (or $4.67 billion) excluding sales tax, against a forecast of SEK 39.2 billion (or $4.54 billion).

Read more at Sourcing Journal.